KARACHI – The Pakistan Stock Exchange (PSX) witnessed a bullish trend on Thursday as the Karachi Stock Exchange 100 index gained staggering 710 points in the early hours.
The index opened higher, at 42,106 but gained momentum and is hovering around 43,000 points.
The bullish trend coincides with the electoral lead of Pakistan Tehreek-e-Insaf which is currently far ahead of Pakistan Muslim League Nawaz on 113 seats of the National Assembly.
Economists believe that the peaceful conduction of elections has instilled in investors a new confidence and so the upward trend is likely to persist for a few more days as well.
